Teenager killed himself hours after Wonga cleared out his account (theguardian.com) 5 points by grkvlt 10y ago ↗ HN
[–] grkvlt 10y ago ↗ Curious if this is the YC incubated company or some other entity? [–] stephengillie 10y ago ↗ There's a YC incubated company named Wonga? Searching "Wonga YC" brought few results.Their Techcrunch article doesn't mention YC... http://techcrunch.com/2012/05/07/wonga-extends-its-payday-lo...Previous discussion of Wonga using a fake law firm for enhanced collections, doesn't mention them as a YC company: https://news.ycombinator.com/item?id=7943094
[–] stephengillie 10y ago ↗ There's a YC incubated company named Wonga? Searching "Wonga YC" brought few results.Their Techcrunch article doesn't mention YC... http://techcrunch.com/2012/05/07/wonga-extends-its-payday-lo...Previous discussion of Wonga using a fake law firm for enhanced collections, doesn't mention them as a YC company: https://news.ycombinator.com/item?id=7943094
[–] SCAQTony 10y ago ↗ That story has so shaken me. Just learned now that these Payday loan ops charge on average 391% to 521%.http://www.responsiblelending.org/payday-lending/tools-resou...Clearing a bank account could obviously lead to more significant damage to society at large than a loan company that "only made" 75% off the original loan.
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[ 5.0 ms ] story [ 23.8 ms ] threadTheir Techcrunch article doesn't mention YC... http://techcrunch.com/2012/05/07/wonga-extends-its-payday-lo...
Previous discussion of Wonga using a fake law firm for enhanced collections, doesn't mention them as a YC company: https://news.ycombinator.com/item?id=7943094
http://www.responsiblelending.org/payday-lending/tools-resou...
Clearing a bank account could obviously lead to more significant damage to society at large than a loan company that "only made" 75% off the original loan.